{"id":392487,"date":"2022-01-11T16:18:00","date_gmt":"2022-01-11T13:18:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bond-report-treasury-yields-mostly-pull-back-ahead-of-powells-re-confirmation-hearing\/"},"modified":"2022-01-11T16:18:00","modified_gmt":"2022-01-11T13:18:00","slug":"bond-report-treasury-yields-mostly-pull-back-ahead-of-powells-re-confirmation-hearing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-mostly-pull-back-ahead-of-powells-re-confirmation-hearing\/","title":{"rendered":"#Bond Report: Treasury yields mostly pull back ahead of Powell\u2019s re-confirmation hearing"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a30e679e73a8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a30e679e73a8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-mostly-pull-back-ahead-of-powells-re-confirmation-hearing\/#2-year_Treasury_note_yield_extends_climb\" >2-year Treasury note yield extends climb<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-mostly-pull-back-ahead-of-powells-re-confirmation-hearing\/#What_are_yields_doing\" >What are yields doing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-mostly-pull-back-ahead-of-powells-re-confirmation-hearing\/#Whats_driving_the_market\" >What\u2019s driving the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-mostly-pull-back-ahead-of-powells-re-confirmation-hearing\/#What_strategists_are_saying\" >What strategists are saying<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/bond-report-treasury-yields-mostly-pull-back-ahead-of-powells-re-confirmation-hearing\/#Mark_DeCambre\" >Mark DeCambre<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Bond Report: Treasury yields mostly pull back ahead of Powell\u2019s re-confirmation hearing<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"2-year_Treasury_note_yield_extends_climb\"><\/span>\n  2-year Treasury note yield extends climb<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\" role=\"region\" aria-label=\"article body\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000546107\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000546107\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Yields for government debt with longer maturities were retreating slightly Tuesday morning, but the 2-year yield continued its ascent, with Federal Reserve Chairman Jerome Powell expected to win a second, four-year term to lead the central bank, but not before he faces a grilling in front of a Senate panel later in the day.<\/p>\n<p> <strong><em>Sign up for our Market Watch <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a>letters\u00a0here<\/em><\/strong><\/p>\n<div class=\"paywall\">\n<h6><span class=\"ez-toc-section\" id=\"What_are_yields_doing\"><\/span>What are yields doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The 10-year Treasury note<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.766%<\/bg-quote><br \/>\n       yields 1.761%, down from 1.779% at 3 p.m. Eastern Time, which had left yields at their highest since Jan. 17, 2020. Yields move in the opposite direction to prices. <\/p>\n<\/li>\n<li>\n      The 2-year Treaury note<br \/>\n        TMUBMUSD02Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">0.934%<\/bg-quote><br \/>\n       rate was at 0.931%, up from 0.904% on Monday adding to its climb to its highest rate since Feb. 27, 2020. <\/p>\n<\/li>\n<li>\n      The 30-year Treasury bond<br \/>\n        TMUBMUSD30Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">2.086%<\/bg-quote><br \/>\n       yields 2.073%, versus 2.109% a day ago. <\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_the_market\"><\/span>What\u2019s driving the market?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Powell is set to tell Congress Tuesday that the Fed will take steps to make sure higher inflation seen over the past year doesn\u2019t become entrenched in the economy, emphasizing that the central bank will use all of its tools to root out pricing pressures that arose during the COVID pandemic. <\/p>\n<p>\u201cWe will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched,\u201d Powell will say,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/testimony\/powell20220111a.htm\" class=\"icon none\">according to a copy of his prepared remarks<\/a>\u00a0to the Senate Banking Committee released Monday.<\/p>\n<p>Fed Gov. Lael Brainard will testify on Thursday in front of the same Senate panel, as she aims to succeed Vice Chairman Richard Clarida, who will step down on Friday, two weeks earlier than expected after becoming embroiled in a controversy involving a stock transaction in 2020.<\/p>\n<p>Later in the day, Kansas City Fed President Esther\u00a0George and St. Louis Fed President James\u00a0Bullard are also expected to deliver speeches. <\/p>\n<p>Market expectations for a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of rate increases in 2022 have been growing. <\/p>\n<p>Deutsche Bank\u2019s economists said that they expect four hikes in 2022, starting in March, and Goldman Sachs Group economists raised their forecast for 2022 rate increases,\u00a0to four from three as the Fed wrangles with inflation.<\/p>\n<p>On Wednesday, investors will watch for a report on inflation, the consumer-price index, which is expected to show a 7.1% headline year-over year figure for December, which would be the highest level in four decades.\u00a0<\/p>\n<p>Looking ahead, an auction of $52 billion in 3-year notes<br \/>\n        TMUBMUSD03Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.218%<\/bg-quote><br \/>\n       is set for 1 p.m. Eastern Time.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_strategists_are_saying\"><\/span>What strategists are saying<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      \u201cMore relevant will be Powell\u2019s testimony this morning. His prepared <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/testimony\/powell20220111a.htm\" class=\"icon none\">remarks<\/a> include the observation that \u2018we can begin to see that the post-pandemic economy is likely to be different in some respects. The pursuit of our goals will need to take these differences into account. To that end, monetary policy must take a broad and forward-looking view, keeping pace with an ever-evolving economy.\u2019 The implication being that the realities of the post-pandemic real economy warrant a monetary policy response sooner than might have otherwise been the case had the new normal more closely resembled the old one,\u201d wrote BMO Capital Markets strategists Ian Lyngen and Ben Jeffery. <\/p>\n<\/li>\n<\/ul><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/mark-decambre\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/mdecambre\",\"text\":\"@mdecambre\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:mdecambre@marketwatch.com\",\"text\":\"mdecambre@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre\"><\/span>Mark DeCambre<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-7855-3B6DB3BB9797%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Bond Report: Treasury yields mostly pull back ahead of Powell\u2019s re-confirmation hearing&#8221; 2-year Treasury note yield extends climb Yields for government debt with longer maturities were retreating slightly Tuesday morning, but the 2-year yield continued its ascent, with Federal Reserve Chairman Jerome Powell expected to win a second, four-year term to lead the central bank,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":392488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/mw3.wsj.net\/mw5\/content\/logos\/mw_logo_social.png","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-392487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/392487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=392487"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/392487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/392488"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=392487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=392487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=392487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}